Pensioners advised to serve as brokers

Retired workers of the Federal Mortgage Bank of Nigeria (FMBN) have been advised not to sit back after retirement but to become players in the real estate sector as brokers, loan recovery agents and mortgage administrators, among others.

The President, Real Estate Developers Association of Nigeria, Mr Olabode Afolayan, gave the advice while delivering a lecture at the Second Delegates Conference of the pensioners in Ibadan, the Oyo State capital, yesterday.

He said they are positioned to service the housing needs of the citizens in view of their rich experience.

He said: “You are ready army of resource persons for housing finance sub-sector. This is apt if you all update your knowledge in tandem with modern dynamics in the housing delivery system.

“You are ready tools of enlightenment on the activities of the institution to the teaming populace who are oblivious of the role of FMBN. Many do not know how to access National Housing Fund loan.